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Georgian officials arrested for embezzling money meant for renovation
of Armenia-Georgia electric grid
11:51 - 24.07.10
Two high-ranking officials in Gruzrosenergo Company have been arrested
over money embezzlement charges in Georgia.
Georgi Sheradze, the former director of the company and his deputy
Shota Maisuradze have been arrested for having embezzled money from
the state budget.
The money was planned to be used for the renovation of a high-voltage
electric grid that links Georgia's and Armenia's energy systems.
They have allegedly stolen about 30 per cent of the $4.5m allotted for
that purpose by using an electric grid that is far less than the
required 500kw-strong one.
Georgian law enforcement bodies say this is a serious damage caused to
the state.
Tert.am
From: A. Papazian
of Armenia-Georgia electric grid
11:51 - 24.07.10
Two high-ranking officials in Gruzrosenergo Company have been arrested
over money embezzlement charges in Georgia.
Georgi Sheradze, the former director of the company and his deputy
Shota Maisuradze have been arrested for having embezzled money from
the state budget.
The money was planned to be used for the renovation of a high-voltage
electric grid that links Georgia's and Armenia's energy systems.
They have allegedly stolen about 30 per cent of the $4.5m allotted for
that purpose by using an electric grid that is far less than the
required 500kw-strong one.
Georgian law enforcement bodies say this is a serious damage caused to
the state.
Tert.am
From: A. Papazian